Categories AlphaGraphs, Earnings, Finance

PNC Financial Services Group Q1 2024 earnings and revenue decline

The PNC Financial Services Group, Inc. (NYSE: PNC) on Tuesday reported a decrease in revenues and net profit for the first quarter of 2024.

The PNC Financial Services Group Q1 2024 earnings infographic

Net income attributable to common shareholders declined to $1.34 billion or $3.10 per share in the March quarter from $1.69 billion or $3.89 per share in the comparable period of 2023. On an adjusted basis, earnings dropped to $3.36 per share in Q1 from $3.98 per share last year.

Revenues declined 8% annually to $5.15 billion during the three months, reflecting year-over-year decreases in both net interest income and non-interest income.

Prior Performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02

Applied Materials (AMAT) Earnings: 2Q24 Key Numbers

Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS

What to expect when Macy’s (M) reports its Q1 2024 earnings results

Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024

Add Comment
Viewing Highlight